Final Order — Loan Originator

Index: OFR 2026- 478
STATE OF FLORIDA
OFFICE OF FINANCIAL REGULATION
CKET£0 \
0/2026
GAL
In Re:
DAN LYLE BRAY, JR., Case Number: 133228
Respondent.
FINAL ORDER
This cause came on for consideration and final agency action. Upon review of the record and being otherwise ful1y advised in the premises, the Office of Financial Regulation ("Office") hereby finds:

1. The Office has jurisdiction over the subject matter of this case and the parties
   hereto.
2. The entry of this Final Order concludes the above-referenced matter.
   ORDERED:
   A. The Stipulation and Consent Agreement (Exhibit A) is hereby approved and incorporated by reference as if fully stated herein and is adopted as the Office's Findings of Fact and Conclusions of Law. B. The parties shal1 comply with al1 terms of the Stipulation and Consent Agreement. DONE and ORDERED this L day of September, 2026, in Tallahassee, Leon County, Florida. Commissioner

CERTIFICATE OF SERVICE
I HEREBY CERTIFY that a true and correct copy of the foregoing Final Order has been furnished by U.S. Mail to Dan Lyle Bray, Jr. at 4113 Calle Bienvenido, San Clemente, California 92673; and by electronic mail at dan@oceanlending.com on this ~ ay of September, 2026. 32314-8050 cy.Clerk@flofr.gov Tel: (850) 410-9889

Exhibit A
STATE OF FLORIDA
OFFICE OF FINANCIAL REGULATION
In Re:
DAN LYLE BRAY, JR., Case Number: 133228
Respondent.
STIPULATION AND CONSENT AGREEMENT
The State of Florida, Office of Financial Regulation ("Office"), and DAN LYLE BRAY, JR. ("Respondent") in consideration of the mutual promises herein, recite, stipulate, and agree as follows:

1. Background. At all times material hereto, Dan Lyle Bray, Jr. is and has been
   licensed as a loan originator pursuant to chapter 494, Florida Statutes, having been issued license number LO55610. On August 4, 2025, in Case Number 24-3888-25-SC0I the State of Washington, the Department of Financial Institutions, Division of Consumer Services, entered an Order revoking Dan Lye Bray, Jr.'s mortgage loan originator license in the state of Washington. This Final Order was subsequently superseded by a Consent Order issued on June 30, 2026, in which Respondent's license has been surrendered and Respondent agreed to not apply for a license for a period of 5 years. Consequently, the Office issued an Administrative Complaint ("Complaint") on December 17, 2025. In response, Respondent requested an Informal Hearing. The parties are resolving the issues herein with this Stipulation and Consent Agreement in lieu of the Office conducting further proceedings on this matter.
2. Jurisdiction. The Office is the state agency charged with the administration and
   enforcement of chapter 494, Florida Statutes, and the rules promulgated thereunder. The Office has

jurisdiction to bring this administrative action against Respondent pursuant to chapter 494, Florida Statutes.
3. Findings. For purposes of this Stipulation and Consent Agreement, the Office
makes no findings.
4. Terms and Conditions. Respondent and the Office agree that the issues raised can
be expeditiously resolved without a hearing and that further litigation can be avoided by the execution of this Stipulation and Consent Agreement. The parties acknowledge that they have read this Stipulation and Consent Agreement and fully understand the rights, obligations, terms, duties, and responsibilities with respect to its contents. Therefore, in compromise and settlement of the foregoing findings and in consideration of the Office's forbearance from further litigation, Respondent agrees to the following terms and conditions:
a. FUTURE COMPLIANCE. Respondent agrees that he shall cease and desist from violations of chapter 494, Florida Statutes, and the rules promulgated thereunder, and comply with all provisions of chapter 494, Florida Statutes, and the rules promulgated thereunder. b. VOLUNTARILY SURRENDER OF LICENSE. Respondent agrees to surrender his loan originator license (number LO55610). The license termination shall be effectuated by the Office on the date that the Final Order adopting and incorporating this Stipulation and Consent Agreement is entered. At that time, any and all rights and privileges pertaining to those holding such license shall terminate.
c. FUTURE APPLICATION. Respondent shall not act as an affiliated party of any
loan originator, mortgage broker, or mortgage lender business licensed or required to be licensed by the Office, nor shall Respondent apply for any license pursuant to chapter 494, Florida Statutes,

for a period of five (5) years from the date of entry of the Final Order adopting this Stipulation and Consent Agreement. The fact that Respondent is not barred by the terms of this agreement from thereafter submitting any such application should not be construed as offering any opinion, suggestion, or insinuation concerning whether such license might be granted by the Office. Any application will be evaluated in the usual statutorily established manner. The facts surrounding this Stipulation and Consent Agreement may be fully considered in any future licensing applications.
5. Final Order. Respondent consents to the entry of a final order, which incorporates
the terms of this Stipulation and Consent Agreement. Respondent understands and agrees that this Stipulation and Consent Agreement is subject to the final approval of the Office of Financial Regulation and the entry of the Final Order adopting such Agreement. In the event that the Final Order is not entered, this Stipulation and Consent Agreement shall be null and void. The Final Order incorporating this Stipulation and Consent Agreement constitutes final action by the Office for which the Office may seek enforcement pursuant to the provisions of chapters 494 and 120, Florida Statutes.
6. Waiver. By Respondent's consent to the entry of a Final Order with respect to this
proceeding, Respondent waives:
a) Any right to separately stated Findings of Fact and Conclusions of Law; b) Any right to receipt of a Notice of Rights pursuant to chapter 120, Florida Statutes; c) Any right to an administrative hearing or issuance of a Recommended Order pursuant to chapter 120, Florida Statutes; and d) Any right to contest in any administrative forum or judicial proceeding

(including, but not limited to, an appeal pursuant to section 120.68, Florida Statutes) the validity of any tenn, condition, obligation, or duty expressly created in this Stipulation and Consent Agreement and the Final Order.
7. Releases. Upon full execution of this Stipulation and Consent Agreement,
Respondent waives, releases, and forever discharges the Office and its agents, representatives, and employees from any and all causes of action, in law or in equity, which Respondent may have arising out of this matter. The Office accepts this release and waiver by Respondent on behalf of himself, his agents, representatives, and employees without acknowledging, and expressly denying, that any such right or cause of action may exist.
8. Failure to Comply. Respondent acknowledges, concurs, and stipulates that
Respondent's failure to comply with any of the terms, obligations and conditions of this Stipulation and Consent Agreement and the Final Order adopting it is a violation of the written agreement and the Final Order entered pursuant to chapters 120 and 494, Florida Statutes. Such non-compliance may result in the issuance of an emergency cease and desist order. However, nothing herein shall be construed to limit Respondent's right to contest any finding or determination of non￾compliance.
9. Attorney's Fees. Each party herein shall be solely responsible for its separate costs
and attorney's fees incurred in the prosecution, defense, or negotiations in this matter up to and including the entry of the Final Order adopting this Stipulation and Consent Agreement.
10. Severabilitv. The parties agree that ifany provision of this Stipulation and Consent
Agreement or the application thereof to any person or circumstance is held invalid, the Stipulation and Consent Agreement will be given effect without the invalid provision, and to this end, the provisions of this Stipulation and Consent Agreement are declared severable.

11. Counterparts. This Stipulation and Consent Agreement may be executed in any
    number of counterparts, and by the parties in separate counterparts, each of which will be deemed to be an original but all of which together will constitute but one Stipulation and Consent Agreement. Copies of this Stipulation and Consent Agreement transmitted by facsimile or electronic mail shall have the same validity as if bearing an original signature.
12. Entire Agreement. This Stipulation and Consent Agreement represents the entire
    agreement by and between Respondent and the Office. Any alterations, variations, changes, modifications, or waivers of the provisions hereof shall be valid only when they have been reduced to writing, duly signed by the Office and Respondent hereto, attached to the original of this Stipulation and Consent Agreement, and subject to the approval of the Office. WHEREFORE, in consideration of the foregoing, the Office and Respondent execute this Stipulation and Consent Agreement for entry of a Final Order on the last date executed below. [this space intentionally left blank with signatures appearing on the following page]

DAN ¥ LE ORA Y. JR:
,{/~J~d
''a.in~. Dan I ~ le Brav 11
State 0 f
Coumy of
Dan Lyle Bray. Jr .. BEFORE ME by means of [ ] physical presence or I ] online notanzaw,ri. i--,~ .:;worn (or affirmed) that she has re.ad and understands the foregoing agreement and voluma~ ~ igned the same. 'ORN TO~ -:0 SUBSCRIBED before me this __ day of _______ 2026 Check th appropriate box:
Pe nally kno n 0 duced Jdentificallon D
T) pe of identification produc d ~ver·s License D Pas port Notary Public 0 Other ______ _ (Do nol includ ID number) I .it SEE ATTACHED 9/29/2026

JURAT
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(1"' l-'11:e.~ Qc 20.u__ by proved to me on the basis of satisfactory evidence to be the person(s) who appeared before me.4 / I (Seal) OPTIONAL INFORMATION DESCRIPTION OF THE ATTACHED DOCUMENT =~ruo1 J e e o o e o e o o • · o ,.

• RODRIGUEZ HERNANDEZ f
  Notary Public • California
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